The new report Global Sensor Hub Market accounted to USD 10.0 billion in 2016 growing at a CAGR of 19.0% during the forecast period of 2017 to 2024.
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The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Sensor Hub Market, By Types (Gyro Sensors, Hall Sensors, Proximity Sensors, Temperature Sensor, Magnetic Sensors), By Process type (Application Sensor Processor, Discrete Sensor Processor, Sensor Integrated Microcontroller) By Application (Consumer Electronics, Automotive, Industrial, Telecommunications, Military, Healthcare) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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A sensor hub is a microcontroller unit that helps to integrate data from different sensors and process them. This technology can help off-load these jobs from a product’s main central processing unit, thus saving battery consumption and providing a performance improvement.
The latest trend in this market is need for low power generating solution, increasing number of integrated sensors in smartphones is making this market grow.
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There is need of sensor hub for several industries like Consumer Electronics, Automotive, Industrial, Telecommunications, Military, Healthcare will create a huge market for the sensor hub.
Market Segmentation: Global Sensor Hub Market
On the basis of type the sensor hub market is segmented into Synchronous Gyro Sensors, Hall Sensors, Proximity Sensors, Temperature Sensor, and Magnetic Sensors. The proximity sensor market is expected to grow in the forecasted period.
On the basis of process type the sensor hub market is segmented into Application Sensor Processor, Discrete Sensor Processor, and Sensor Integrated Microcontroller. The sensor integrated microcontroller market is expected to grow in the forecasted period.
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On the basis of application the sensor hub market is segmented into Consumer Electronics, Automotive, Industrial, Telecommunications, Military, and Healthcare. The military market is expected to grow in the forecasted period.
Key Drivers: Global Sensor Hub Market
- Need for low power generating solutions
- Increasing number of integrated sensors in smartphones
- Increasing Use of 6-Axis and 9-Axis Sensor Solutions
- Advancements in Consumer Electronics like Wearable Devices
- Application Processor-Based Sensor Hubs
Major Market: Global Sensor Hub Market
Some of the major players operating in sensor hub market are Analog Devices, Inc., Robert Bosch Gmbh, Microchip Technology Inc., Texas Instruments Incorporated, Stmicroelectronics N.V., Nxp Semiconductors N.V., Invensense, Inc., Rohm Co., Ltd., Intel Corporation, Infineon Technologies Ag, Memsic, Inc., Broadcom Limited, Qualcomm Technologies, Inc., Quicklogic Corp, Hillcrest Labs, Inc. among others. In 2017, Bosch Gmbh will develop a new manufacturing industry to create the new jobs and to cop up the growing demand.
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